First Solar, Inc. $FSLR Shares Purchased by Triodos Investment Management BV

Key Points

• Triodos Investment Management BV increased its stake in First Solar by 10.3%, purchasing an additional 25,600 shares, making it the company's 8th biggest holding.
• Several institutional investors have significantly increased their holdings in First Solar, with TD Private Client Wealth LLC and Harbor Investment Advisory LLC boosting their stakes by 126.9% and 138.9%, respectively.
• First Solar reported an EPS of $3.18 for the latest quarter, exceeding analysts’ expectations and leading to a consensus price target of $231.04 among analysts.

Triodos Investment Management BV boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 10.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 274,100 shares of the solar cell manufacturer's stock after purchasing an additional 25,600 shares during the quarter. First Solar accounts for about 3.4% of Triodos Investment Management BV's investment portfolio, making the stock its 8th biggest holding. Triodos Investment Management BV owned about 0.26% of First Solar worth $45,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in First Solar by 126.9% during the second quarter. TD Private Client Wealth LLC now owns 152 shares of the solar cell manufacturer's stock valued at $25,000 after purchasing an additional 85 shares during the period. Harbor Investment Advisory LLC lifted its stake in First Solar by 138.9% in the second quarter. Harbor Investment Advisory LLC now owns 172 shares of the solar cell manufacturer's stock valued at $28,000 after buying an additional 100 shares in the last quarter. Garde Capital Inc. bought a new position in First Solar in the first quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in First Solar in the first quarter valued at approximately $25,000. Finally, First Pacific Financial bought a new position in First Solar in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Analyst Upgrades and Downgrades

FSLR has been the topic of a number of research reports. Glj Research reaffirmed a "buy" rating and issued a $214.06 price target (up previously from $172.53) on shares of First Solar in a research note on Tuesday, August 12th. Evercore ISI initiated coverage on shares of First Solar in a research note on Monday. They issued an "in-line" rating and a $240.00 price target on the stock. Wall Street Zen raised shares of First Solar from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Hsbc Global Res raised shares of First Solar to a "strong-buy" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of First Solar from $241.00 to $262.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and a consensus price target of $231.04.

Insiders Place Their Bets

In related news, CEO Mark R. Widmar sold 23,912 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $185.47, for a total transaction of $4,434,958.64. Following the transaction, the chief executive officer directly owned 87,978 shares in the company, valued at approximately $16,317,279.66. The trade was a 21.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nathan B. Theurer sold 686 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $182.03, for a total transaction of $124,872.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,715 shares of company stock worth $5,733,305. 0.48% of the stock is owned by corporate insiders.

First Solar Stock Performance

Shares of FSLR stock opened at $234.30 on Friday. The company's fifty day simple moving average is $205.26 and its 200-day simple moving average is $170.68. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.13 billion, a PE ratio of 20.04, a P/E/G ratio of 0.46 and a beta of 1.38. First Solar, Inc. has a 12 month low of $116.56 and a 12 month high of $237.20.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The solar cell manufacturer reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.50. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. First Solar had a net margin of 28.95% and a return on equity of 15.57%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.25 earnings per share. First Solar has set its FY 2025 guidance at 13.500-16.500 EPS. Equities research analysts expect that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.

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